NEWTON, Mass. (AP) — NEWTON, Mass. (AP) — Diversified Healthcare Trust (DHC) on Monday reported a key measure of profitability in its first quarter.
The real estate investment trust, based in Newton, Massachusetts, said it had funds from operations of $3.5 million, or 1 cent per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had a loss of $86.3 million, or 36 cents per share.
The residential care real estate investment trust, based in Newton, Massachusetts, posted revenue of $370.8 million in the period.
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